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SOUTH AFRICA’S UNEMPLOYMENT RATE UNCHANGED AT 26.7 PCT IN Q1

PRETORIA– South Africa’s unemployment rate remained unchanged at 26.7 per cent in the first quarter of 2018, Statistics South Africa (Stats SA) reported on Tuesday.

Releasing the findings of the Quarterly Labour Force Survey (QLFS) here, Stats SA said following a decline in the number of unemployed persons in the fourth quarter, the first quarter usually shows an increase in unemployment, a trend seen since 2013.

In the first quarter of 2018, there was an increase of 100,000 unemployed people.

The official unemployment rate remained unchanged at 26.7 per cent in Quarter 1, 2018 compared with Quarter 4, 2017. The official unemployment rate increased in seven of the nine provinces, said Stats SA.

The quarterly survey, which is a household-based sample survey which collects data on the labour market activities of individuals aged 15 to 64 years old, showed that the South African working-age population increased by 153,000 or 0.4 per cent in the first quarter of 2018, compared with the preceding quarter while employment increased by 206,000 jobs in the first quarter of 2018.

Source: NAM NEWS NETWORK

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